Policy Insight
REMI Policy Insight's unique power is to generate realistic year-by-year estimates of the total regional effects of any specific policy initiative. A wide range of policy variables allows the user to represent the policy to be evaluated, while the explicit structure in the model helps the user to interpret the predicted economic and demographic effects. The model is calibrated to many sub-national areas for policy analysis and forecasting, and is available in single- and multi-area configurations. Each calibrated area (or region) has economic and demographic variables, as well as policy variables so that any policy that affects a local economy can be tested.
REMI Policy Insight is used by government agencies (including most U.S. state governments), consulting firms, nonprofit institutions, universities, and public utilities. REMI model simulations estimate comprehensive economic and demographic effects in wide-ranging initiatives such as: economic impact analysis; policies and programs for economic development, transportation, infrastructure, environment, energy and natural resources; and state and local tax changes. Articles about the model equations and research findings have been published in professional journals such as the American Economic Review, The Review of Economic Statistics, the Journal of Regional Science, and the International Regional Science Review.
TranSight
TranSight, the leading tool for evaluating the total economic effects of transportation improvements, is based on over 20 years of experience in modeling the economic effects of transportation. Major research and development efforts at REMI have resulted in the inclusion of "new economic geography" in a system that meaningfully describes how transportation improvements affect the competitive advantage of cities and regions. TranSight links transportation models to REMI Policy Insight to answer such questions as:
- How many jobs are generated by a highway expansion?
- What is the total economic effect of all transportation projects in a state?
- Which would create more jobs, expanding a city's bus system or improving the city's roads?
- How do reductions in commuting cost affect industry competitiveness?
TranSight is fully customizable to the needs of individual clients. REMI works with each client to determine the parameters of their analysis, including input, output, and interface options. TranSight also generates custom reports in Microsoft Word format, automatically transferring tables and graphs to an editable document. This customization process results in a model that may be dramatically different from client to client, but ensures that every model has everything that the client needs and nothing that they don't.
REMI TranSight provides an integrated system for comprehensive evaluation of transportation systems. This approach allows analysts to more fully describe the far-reaching economic and operational effects of transportation projects.